Question

Suppose you work for a life insurance company. At your job, you use the following table, which shows the number of people out of 100,000 born who survive to age x. What is the probability of a person living to be 100 years old be if they just turned 70? Explain
the table is
X number serviving to nuber x
18 98,903
40 96,537
60 88,216
70 77,085
80 54,918
90 21,526
100 1,844

Answer 1

Probability = number of favorable outcomes ÷ total number of outcomes

number of people alive at the age of 70 = 77085

number of people alive at the age of 100 = 1084

the probability of a person living to be 100 years old be if they just turned 70 =

number of people alive at the age of 70  ÷  number of people alive at the age of 100

probability of a person living to be 100 years old be if they just turned 70 = 1844 ÷ 77085 = .0239

probability of a person living to be 100 years old be if they just turned 70 is 0.0239

Answer 2

Oh boi I'm gonna fail, I can't even geuss